Lead arranger

(redirected from Book Running Manager)

Lead arranger

The senior tier of arranger

Lead Arranger

In investment banking, an underwriting firm that leads a syndicate. A syndicate is a group of underwriters responsible for placing a new issue of a security with investors. Every syndicate is a temporary arrangement. The lead arranger assigns parts of the new issue to other underwriters for placement and usually takes the largest part itself. It is also called a managing underwriter or a syndicate manager or, less formally, a book runner.
References in periodicals archive ?
The sole book running manager for this offering is Merrill Lynch & Co.
acted as the sole book running manager and EarlyBirdCapital, Inc.
is the lead underwriter and the sole book running manager of the offering.
Thomas Weisel Partners LLC is serving as the book running manager for the offering with CIBC World Markets serving as a co-lead manager and JMP Securities LLC as a co-manager.
Morgan Stanley is the sole book running manager for the offering and Deutsche Bank Securities Inc.
The joint book running managers for this offering are Merrill Lynch & Co.
The book running managers for this combined offering are UBS Investment Bank and RBC Capital Markets.